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Mohnish Pabrai's Session with MIT's Brass Rat Investments on March 12, 2024

Chai with Pabrai

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Extreme Patience and Decisiveness in Investing

In investing, having a few big 'aha' moments in a lifetime is crucial. These moments provide an edge where one can understand and capitalize on opportunities better than the rest of the world. It is a game of extreme patience for long periods, waiting for the right opportunity, and then extreme decisiveness to act when the time is right. These opportunities are rare, fleeting, and require a unique combination of traits: patience and decisiveness, traits that might not be innate but are essential for successful investing.

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